Staking goBTC and goETH for Rewards

    AlgoMint launch rewards programs with multiple protocols throughout the Algorand ecosystem so we want to understand where is the best place to stake goBTC and goETH to earn rewards? Let’s look at where other wallets are staking their goETH and goBTC to get an understanding where we should stake ours. Look at items such as mint and burn actions over time as well as the amount of goBTC and goETH being staked over time to help us determine where the most popular place to stake your goETH and goBTC. Additionally, are there any places not listed that you can stake your goETH and goBTC for rewards and are users staking them there?

    Introduction:

    AlgoMint launch rewards programs with multiple protocols throughout the Algorand ecosystem.

    In this bounty, we want to find the best places for staking goETH and goBTC.

    The number of mints and burns are used as a vital metrics to find the best places.
    

    The start point of this investigation is since Feb 27, 2022.

    The following liquidity pools are analyzed to estimate the staking behavior of goBTC and goETH:

    • Pact LPs Algo/goBTC Algo/goETH

    • AlgoFi LPs goETH/STBL goBTC/STBL

    • Tinyman LPs ALGO/goBTC Algo/goETH

    • Folks Finance Deposit goBTC goETH

    Staking goETH

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    Staking goBTC

    The four figures are presented to evaluate the mint and burn actions of goETH on liquidity pools. Based on the figures:

    1. AlgoFi LPs has the highest number of mints for goETH.
    2. Pact LPs has the highest number of burns for goETH.
    3. The trend of minting goETH on LPs is positive for AlgoFi and Pact.
    4. May 11 and 12 are the important days for minting and burning goETH on Algofi LPs.

    The staking behavior of goBTC on various liquidity pools are shown in the four bar charts.

    **Best place for minting goBTC is AlgoFi Lps

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